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COVID-19 illustrates why Canada needs more and better public banks The Conversation 2021-02-16 David McDonald, Professor, Global Development, Queen s University, Ontario and Thomas Marois, Senior Research Fellow Patient Finance and Banking, Institute for Innovation and Public Purpose, UCL © THE CANADIAN PRESS/Andrew Vaughan Public banks around the world are working towards the public good during COVID-19. The Canada Infrastructure Bank, however, seems focused on privatizing critical public services instead of ensuring vital infrastructure across the country is built or maintained, like this project to repair the bridge spanning the Halifax harbour in 2017. Most Canadians could be forgiven for not knowing what a public bank is. We do have some the Alberta Treasury Branch, the Business Development Bank, the Export Development Canada and the Canada Infrastructure Bank but they are relatively low profile and have narrow mandates.

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